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For Sale
$6,800,000

3.21 Acre Townhouse Site in West Kelowna

3401 Sundance Drive
WEST KELOWNA

3.21 ACRES | Residential Development Land
UNDER CONTRACT

The Opportunity

3.21 Acre Townhouse Site in West Kelowna

This offering is an opportunity to acquire a rare infill, freehold townhouse development site in West Kelowna. The 3.21 acre site is fully zoned for townhouses and offsite servicing work is complete. Initial site plan concepts indicate 52-54 units can be achieved. The project will benefit from views to the southeast of Okanagan Lake, close proximity to Shannon Lake and the extensive list of amenities of Westbank, only minutes away. With low supply of more affordable townhouse product, the West Kelowna market is experiencing rapid absorption and price escalation as the real estate market in BC takes off.

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Summary

Property
Attributes

Land Size

3.21 acres

Zoning

R4 (Townhouse)

Price

Sale Price

$6,800,000

Location

3401 Sundance Drive
WEST KELOWNA

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Property
Features

The subject site has been rezoned to R4 for townhouse with a density up 1.0 FSR. Two site plan concepts have been created, indicating 52-54 units are possible on the site, depending on unit mix and internal road configuration. Preliminary drawings show a mixture of 1,500-1,800 square foot townhomes; however final design remains flexible as the development permit application has yet to be submitted.

About The
Location

The subject site is located on the north side of Highway 97 near Shannon Lake, only 6 minutes past the downtown core of Westbank. The future townhomes will be a few blocks from Shannon Lake Elementary and the close proximity to Highway 97 will provide quick access throughout the region.